ROBOFOREXROBOFOREX RATING -OVERALL SCORE {80.74%} (?)

 

RoboForex is an ECN/STP broker offering MT4/MT5, 36 Forex pairs, CFDs, Futures, auto-trading, and a free VPS.

Deposit Requirements: 10 USD

Funding: Cards | Bank Wire | Skrill | PerfectMoney | Neteller | SticPay

Platforms: MetaTrader-4 | MetaTrader-5 | WebTrader | Mobile Traders

Customer Support: English | Arabic | Spanish | Portuguese | Russian | Czech | Kazakh | Malay

» RoboForex Website

ROBOFOREX RATING SUMMARY

The following table contains RoboForex rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.

FOREX BROKER RATING (MAX 100%)
  • ROBOFOREX FUNDS SAFETY
52.60%
  • ROBOFOREX TRANSACTION COST
89.30%
  • ROBOFOREX TRADING OPTIONS AVAILABLE
89.30%
  • ROBOFOREX TECHNOLOGY
100.00%
  • OVERALL RATING
80.74%
TRADING EXPERIENCE  
  • ROBOFOREX FOR FOREX BEGINNERS
78.80%
  • ROBOFOREX FOR ADVANCED FOREX TRADERS
74.10%
  • ROBOFOREX FOR PROFESSIONAL FOREX TRADERS
70.00%
TRADING STYLE  
  • ROBOFOREX FOR INTRADAY TRADERS
79.00%
  • ROBOFOREX FOR SWING TRADERS (MID-TERM)
74.20%
  • ROBOFOREX FOR CARRY TRADERS (LONG-TERM)
36.50%

ROBOFOREX DETAILED RATING REVIEW

The following RoboForex rating analysis is based on Rating Formula 5.0 (?):

ROBOFOREX RATING ANALYSIS    
ROBOFOREX TOTAL RATING   100.0% RoboForex
      80.74% FULL ANALYSIS
A. ROBOFOREX  SAFETY OF FUNDS MAX WEIGHT→ 28.0% 14.74% Rating the RoboForex Safety
A.1 RoboForex License / Regulation FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% 10.0% 1.00% RoboForex is regulated by the FSC of Belize (license No. 000138/7) = 1.0% rating
A.2 RoboForex Client Compensation in Case of Insolvency Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0%
5.0% 4.00% RoboForex offers client compensation of up to 20,000 EUR as it is a member of the Financial Commission Compensation Fund | 4.0% rating
A.3 RoboForex Country of Headquarters UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand  = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% 5.0% 1.00% RoboForex maintains headquarters in Belize = 1.0%
A.4 RoboForex Years in the Market 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% 5.0% 5.00% RoboForex was found in 2009 (10+ years) = 5.0% rating
A.5 RoboForex Client Account Segregation Client bank account segregation =  2.5% rating | No = 0.0% 2.5% 2.50% RoboForex provides client bank segregated accounts = 2.5%
A.6 RoboForex Web Ratings ForexPeaceArmy Rating = {Actual Rating/10} | (max) Rating = 0.5% 0.5% 0.24% RoboForex ForexPeaceArmy Rating is 2.357/5.0 | Total rating is 0.2357
A.7 (+) RoboForex ADJUSTING RESULTS        
A.7.1 RoboForex Corporate Size 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating 1.0% 1.00% RoboForex claim to have served 4.5 million accounts = 1.0% Rating
B. ROBOFOREX TRANSACTION COST MAX WEIGHT→ 28.0% 25.00% Rating the RoboForex Transaction Cost
B.1 RoboForex spread on EURUSD <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% 7.0% 7.00% On Prime Accounts, the typical RoboForex EURUSD spread is 0.1 pip = 7.0% rating
B.2 RoboForex spread on GBPUSD <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% On Prime Accounts, the typical RoboForex GBPUSD spread is 0.15 pip = 4.5% rating
B.3 RoboForex spread on USDJPY <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating 4.5% 4.50% On Prime Accounts, the typical RoboForex USDJPY spread is 0.15 pip = 4.5% rating
B.4 RoboForex Trade Commissions No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating |  < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating  7.0% 4.00% On Prime Accounts, RoboForex charges $2.0 trading commissions per full traded lot ($1.0 per each side) = 4.0%
B.5 RoboForex Overnight (SWAP) rates Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% 2.0% 0.00% RoboForex rollover on a Long EURUSD trade is -0.96 pip | RoboForex rollover on a Short EURUSD trade +0.1 pip | Total cost in absolute value is -0.86 pip | Rating = 0.00%
B.6 RoboForex Commissions on Funding No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating  2.0% 2.00% RoboForex does not charge withdrawal commissions = 2.0% rating
B.7 RoboForex Inactive Fees No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating 1.0% 1.00% RoboForex does not charge Inactive Fees  = 1.0% rating
B.8 (+) RoboForex ADJUSTING RESULTS        
B.8.1 RoboForex Execution Model ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating 2.0% 2.00% ECN Order Execution Model = +2% rating
C. ROBOFOREX TRADING OPTIONS MAX WEIGHT→ 28.0% 25.00% Rating the RoboForex Options for Traders
C.1 RoboForex Forex Asset Index 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+  Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating 8.0% 6.00% RoboForex Provides 36 Forex Pairs = 6.0% rating
C.2 RoboForex CFDs CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% 2.5% 2.50% RoboForex offers CFD trading = 2.5% rating
C.3 RoboForex CFDs on Futures CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating 1.5% 1.50% RoboForex Offers CFDs on Futures = 1.5% rating
C.4 RoboForex Free Practice Account Practice Account = 2.0 % rating, No = 0.0 % rating 2.0% 2.00% RoboForex Provides a free Demo/Practice account = 2.0% rating
C.5 RoboForex Trading Leverage Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating 1.0% 1.00% 500:1 max Trading Leverage = 1.0% rating
C.6 RoboForex Bonus/Rebate Promotions   5.0% 2.00%  
C.6.1 RoboForex Welcome Bonus (%) Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating   1.00% $30 No Deposit Bonus (Withdrawable) = 1.0% rating
C.6.2 RoboForex Trading Rebate (%) Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating   1.00% RoboForex Offers 10% trade rebates = 1.0% rating
C.7 RoboForex Min. Account Size Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating 2.0% 2.00% The min. deposit amount is $10 = 2.0% rating
C.8 RoboForex Number of Deposit Methods For every deposit method = 0.5% rating | max = 5 methods 2.5% 2.50% RoboForex offers 5+ deposit methods (Bank Wire, Visa, Skrill, Neteller, PerfectMoney, and SticPay) = 2.5% rating
C.9 RoboForex Number of Withdrawal Methods For every withdrawal method = 0.5% rating | max = 5 methods 2.5% 2.50% RoboForex offers 5+ withdrawal methods (Bank Wire, Visa, Skrill, Neteller, PerfectMoney, and SticPay) = 2.5% rating
C.10 Minimum Stop-Order Levels (in pips) 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating 1.0% 1.00% RoboForex offers less that 2 pips minimum stop-out order distance = 1.0% rating
C.11 (+) RoboForex ADJUSTING RESULTS        
C.11.1 Offering more than 100 Forex Pairs Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating 1.0% 0.00% 36 Forex pairs = +0% rating
C.11.2 Paying Interest on unused funds Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating 0.5% 0.00% No = +0%
C.11.3 RoboForex Contests Contests = 0.25 % rating | No = 0 % rating 0.25% 0.00% RoboForex offers no Real/Demo Account Competition = +0.0% rating
D. ROBOFOREX TECHNOLOGY MAX WEIGHT→ 16.0% 16.00% Rating the RoboForex Technological Efficiency
D.1 RoboForex Trading Platforms Availability For every Platform = 1.0% | max = three (3) platforms 3.0% 3.00% RoboForex offers MT4, MT5, Webtrader, and the RStocksTrader = 3.0% rating
D.2 Trading-On-Charts Offering Trading-On-Charts = 1.0 rating | No=0% 1.0% 1.00% RoboForex is offering 'Trading-On-Charts' = 1.0% rating
D.3 RoboForex Slippage on Execution Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating 1.0% 0.50% RoboForex Slippage on execution is less than 1.5 pip = 0.5% rating
D.4 RoboForex Automated Trading Allowance Automated Trading is Allowed = 2.0 % rating  / No = 0 % rating 2.0% 2.00% RoboForex allows automated trading = 2.0% rating
D.5 RoboForex MT4 Platform Availability MT4 is Provided = 2.0 % rating / No = 0 % rating 2.0% 2.00% RoboForex offers the MT4/MT5 platforms = 2.0% rating
D.6 RoboForex Mobile Apps iOs= 1% rating | Android = 1% rating | max = 2% rating points 2.0% 2.00% RoboForex offers an MT4 App for iPhone and Android = 2.0% rating
D.7 RoboForex Allowing Scalping / Hedging Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating 1.0% 1.00% RoboForex fully allows both scalping and hedging trade strategies = 1.0% rating
D.8 RoboForex Customer Service 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating 4.0% 4.00% RoboForex offers 24/7 Customer support = 1.0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 4.0%
D.9 (+) RoboForex ADJUSTING RESULTS        
D.9.1 RoboForex PAMM / MAM Accounts PAMM / MAM Accounts = +0.5% rating | No = 0 % rating 0.5% 0.00% RoboForex is not offering PAMM/MAM accounts, only Copy-Trading is available = +0.0%
D.9.2 RoboForex Free VPS Free VPS = +0.5% rating | No = 0 % 0.5% 0.50% RoboForex is offering a free VPS hosting service = +0.5%
D.9.3 RoboForex API Trading API trading = +0.5 % rating | No API = 0.0 % rating 0.5% 0.00% RoboForex is not offering API trading = +0.0%
    TOTAL ROBOFOREX RATING 80.74%  

 

ROBOFOREX LICENSES AND LEGAL INFORMATION

■ RoboForex is the trading name of RoboForex Ltd. (reg. number 000001272)

■ RoboForex is regulated by the FSC of Belize (license No. 000138/7)

■ In case of corporate insolvency, RoboForex offers client compensation of up to 20,000 EUR as it is a member of the Financial Commission Compensation Fund

PROHIBITED COUNTRIES

■ United States, Australia, Brazil, Canada, Russia, Indonesia, Iran, Japan, Turkey

 

 

 

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